Goldman Sachs Group Inc. Increases A.O. Smith Corp. Price Target to $42.00 (AOS)
Equities researchers at Goldman Sachs Group Inc. increased their price objective on shares of A.O. Smith Corp. (NYSE:AOS) from $40.00 to $42.00 in a research report issued on Tuesday, Analyst RN reports. Goldman Sachs Group Inc.’s target price suggests a potential downside of 3.45% from the company’s current price.
A number of other firms have also recently commented on AOS. Analysts at Wedbush raised their price target on shares of A.O. Smith Corp. from $35.00 to $40.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of A.O. Smith Corp. from $45.00 to $47.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of A.O. Smith Corp. from $40.00 to $45.00 in a research note to investors on Thursday, July 25th. They now have a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.83.
A.O. Smith Corp. (NYSE:AOS) traded down 1.61% during mid-day trading on Tuesday, hitting $43.50. 426,553 shares of the company’s stock traded hands. A.O. Smith Corp. has a one year low of $27.725 and a one year high of $46.09. The stock’s 50-day moving average is $43.87 and its 200-day moving average is $39.72. The company has a market cap of $4.024 billion and a price-to-earnings ratio of 26.27.
A.O. Smith Corp. (NYSE:AOS) last released its earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $515.96 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $1.93 earnings per share for the current fiscal year.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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